Holtec International to invest 4,800 Cr in Maharashtra

By Accommodation Times Bureau

MUMBAI:

The government of Maharashtra on Wednesday signed a memorandum of understanding (MoU) with the Holtec International which specialises in nuclear fuel storage systems, heat transfer equipment, with a view to developing a heavy fabrication facility to manufacture a high-end nuclear power plant equipment in the state. Maharashtra will be the first state in the country to have a nuclear equipment manufacturing facility.

Under this MoU State Government expected an investment of $680 million (Approximately Rs. 4,800 crores) in a heavy fabrication facility in India to be dedicated towards manufacturing of high-end nuclear power plant equipment. This facility is expected to be on similar lines of capacity and capability of their plant in the United States of America.

The objective of this MoU is to enhance the capacity of the facility to manufacture equipment that requires heavy fabrication for industries such as power and process, petrochemical, aerospace and similar such industries that require heavy manufactured weldments. In turn, the state government will provide a single window clearance mechanism for setting up this plant and will support the investment as per the state government’s various policies and regulations besides providing various approvals and facilities needed for setting up the plant in Maharashtra.

The company specialises in nuclear equipment and till date, it has delivered power plant equipment to over 200 plants in 35 countries on 6 continents.

Chief Minister Devendra Fadnavis said “I am delighted to sign this MoU today to signal our commitment to boosting this co-operation further- working together to enhance the capacity of State in the areas of nuclear power and this is in line with the objective of State and Central Government to become self-reliant in the manufacturing of nuclear power under the initiative of Make in India. This will bring a paradigm shift in nuclear power generation in the country.’’

The company will tie up with Bhabha Atomic Research Centre and other participants to transfer its world-class technology to Indian organisations. They want to be a part of India’s Nuclear Growth story and have maintained that Maharashtra is the foremost destination for such big investments due to favourable investment environment and availability of technical expertise.

 







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